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To be fair (and I didn't read the link above) - some of these low taxes may be due to losses from previous years. Not to say they aren't abusing international t
by suking 15y ago
To be fair (and I didn't read the link above) - some of these low taxes may be due to losses from previous years. Not to say they aren't abusing international tax havens... but who wouldn't to save hundreds of millions?
- kgermino 15y agoNot sure about the others but that is the case for GE. They got reamed by the recession and are about done carrying their losses forward. It may be annoying and look really bad but I would rather have a company be taxed on their net earnings over several years than be punished for having fluctuating earnings. (Especially since start-ups tend to lose money for a few years before making profits)